Frank Lowy

Frank Lowy
Lowy at the Australian Football Awards in October 2011
Born
Frank P. Lowy[1]

(1930-10-22) 22 October 1930 (age 93)
NationalityAustralian
Known forCo-founder, Westfield
Board member of
Spouse(s)
Shirley, Lady Lowy OAM
(née Rusanow)
(m. 1954; died 2020)
Children3; including Steven Lowy

Sir Frank P. Lowy AC (/ˈli/ LOH-ee; born 22 October 1930) is an Australian-Israeli[2][3] businessman of Jewish Slovak-Hungarian origins[4][5] and the former long-time chairman of Westfield Corporation, a global shopping centre company with US$29.3 billion of assets under management in the United States, United Kingdom and Europe. In June 2018 Westfield Corporation was acquired by French company Unibail-Rodamco.[6]

Lowy was the inaugural chairman of Scentre Group, the owner and manager of Westfield-branded shopping centres in Australia and New Zealand.[7][8]

With an assessed net worth of A$9.33 billion in 2023, Lowy was ranked as the tenth richest Australian according to the Financial Review Rich List;[9] having been the richest person in Australia during 2010.[10][11] Forbes Asia magazine assessed Lowy's net worth at US$6.5 billion in January 2019 and placed him fourth in its Australia's 50 Richest people.[12]

Lowy is the founder of the Lowy Institute, Australia's leading foreign affairs think tank,[13][14] which has alternatively been described as "neoliberal",[15] "centre-right" leaning[13] or "reactionary".[16] Lowy is also chairman of the Institute for National Security Studies, an independent think tank that studies key issues relating to Israel's national security and Middle East affairs.[17][18]

  1. ^ "Birthday Honours 2017: notes on the Foreign Secretary's overseas list" (PDF). Birthday Honours lists 2017. gov.uk. 16 June 2017. Retrieved 23 June 2017.
  2. ^ Pilger, John (26 September 2011). "War and shopping – the extremism that never speaks its name". New Statesman (1996). Archived from the original on 11 September 2016. The co-founder of Westfield is Frank Lowy, an Australian -Israeli billionaire who is to shopping what Rupert Murdoch is to media.
  3. ^ Cashman, Greer Fay (8 August 2012). "The Australian connection". Jerusalem Post. Archived from the original on 11 September 2016. Among the many Australian citizens who have homes in Israel as well as business interests in this country is billionaire Frank Lowy, one of the wealthiest people in Australia, who is often described in the media as an Australian-Israeli businessman even though he was born in Czechoslovakia.
  4. ^ "Sir Frank Lowy: The penniless migrant who built the Westfield empire". Sky News. Retrieved 9 March 2019.
  5. ^ Margo, Jill (2001). Frank Lowy: pushing the limits. Westfield Holdings Ltd (2nd ed.). Pymble, N.S.W: HarperCollins. ISBN 9780732269074. OCLC 155411487.
  6. ^ "How Westfield's Frank Lowy consummated Australia's biggest M&A deal". Financial Review. 15 March 2018. Retrieved 17 July 2018.
  7. ^ "About us: History". Scentre Group. n.d. Retrieved 11 January 2024.
  8. ^ Danckert, Sarah (23 October 2015). "Frank Lowy to retire as chairman of Scentre Group". The Sydney Morning Herald. Retrieved 7 June 2016.
  9. ^ Cite error: The named reference afr2023 was invoked but never defined (see the help page).
  10. ^ Zappone, Chris (26 May 2010). "Frank Lowy tops BRW rich list for first time". The Sydney Morning Herald. Retrieved 27 July 2011.
  11. ^ Saulwick, Jacob; Cummins, Caroline (27 May 2010). "Lowy leaves mining magnates in the dust". The Sydney Morning Herald. Retrieved 27 July 2011.
  12. ^ "Frank Lowy". Forbes. Retrieved 25 March 2019.
  13. ^ a b Barro, Christiane, "The think tanks shaping Australia The Lowy Institute," The New Daily, retrieved 26 December 2019
  14. ^ Grigg, Angus and Nick McKenzie, "Lowy Institute hit by Chinese hackers," 3 December 2018, Australian Financial Review, retrieved 26 December 2019
  15. ^ "Lowy Institute," SourceWatch, retrieved 26 December 2019
  16. ^ Green, Jim, "The Lowy Institute's dangerous nuclear propaganda," 28 December 2012, "Online Opinion" Friends of the Earth Australia, retrieved 26 December 2019
  17. ^ "The quiet benefactor: Lowy's close ties with Israel". The Sydney Morning Herald. 28 September 2008. Retrieved 3 April 2020.
  18. ^ "Frank Lowy's Bio". Lowy Institute. Retrieved 3 April 2020.

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